Aso Villa Reads for 14/09/2021

Every day, we bring you the best stories that the Media is reporting about the Government of Nigeria

The Central Bank of Nigeria announced that InfraCorp Plc, the N15trn Infrastructure Fund which will boost funding for capital projects, will be launched in October. The CBN Governor, Godwin Emefiele, disclosed this on Tuesday in Abuja at the annual banking and finance conference organised by the Chartered Institute of Bankers of Nigeria. He said that the project, which was conceptualised by the CBN alongside African Finance Corporation and the Nigerian Sovereign Investment Authority, will help to address the challenge of infrastructure deficit in the country. [Punch]

The Minister of Power, Abubakar Aliyu, on Monday assured that the 40MW Dadinkowa Power project in Gombe State would soon receive the Federal Government’s intervention. Aluyi added that he will review relevant papers pertaining to the project and provide appropriate recommendation for its completion a statement issued on Monday revealed. [Punch]

As part of its commitment to laying a foundation towards a more open and inclusive government that allows for increased youth participation in making key national decisions in governance, economic development and national security, the Federal Government of Nigeria through the Federal Ministry of Youth and Sports Development (FMYSD) will be holding a National Youth Conference (NYC) in Abuja from October 12–15, 2021. [Sun News]

The Central Bank of Nigeria (CBN) and the Nigeria Sovereign Investment Authority (NSIA) are set to lead discussion at a summit on Infrastructure, Small and Medium Scale Enterprises (SMEs) financing. The summit is part of activities marking the 30th Anniversary celebration and 2021 Annual Conference of the Finance Correspondents Association of Nigeria (FICAN). A statement from the association said the theme of the conference, scheduled to hold on September 25 and 26, 2021 at Ikeja Lagos is Financing Infrastructure & SMEs for Inclusive Growth in Post-COVID-19 Economy.[Sun News]

President Muhammadu Buhari has launched the Nigeria Jubilee Fellows Programme. Specifically designed to create new opportunities for 20,000 graduates, yearly. At a ceremony in the Presidential Villa, Abuja, President Buhari assured that it would provide opportunity for mentors, who were already engaged in various industries, gain relevant experience and built capacity over the years to provide mentorship and support for young Nigerians. The President explained:[Guardian]

The Central Bank of Nigeria, CBN, plans to establish the Nigerian International Financial Centre, NIFC, in the next 12 months.The Governor of the bank, Mr. Godwin Emefiele, announced this at the opening of the Chartered Institute of Bankers of Nigeria, CIBN, this (Tuesday) morning, in Abuja. He said, “To consolidate on the growth and resilience of Nigerian banks in the last decade, your excellency, your Central Bank, will, in the next 12 months, be establishing The Nigerian International Financial Centre, NIFC. “The NIFC will act as an international gateway for Capital and investments, driven by technology and payment system infrastructure.[Vanguard]

THE Federal Government on Monday revealed that a total of 4,052,756 eligible persons have so far received the first dose of COVID-19 vaccine as of September 12, 2021. Executive Director of the National Primary Health Care Development Agency (NPHCDA), Dr Faisal Shuaib, made this known in Abuja during the national briefing of the Presidential Steering Committee on COVID-19. According to him, a total of 1,692,315 eligible persons are fully vaccinated and the country currently has a national “average of 70.4% utilization of the 2,000,040 doses of Moderna vaccines we received.” [Tribune]

Timipre Sylva, minister of State for Petroleum Resources, has launched the US$50 million Nigerian Content Research and Development, R&D, fund. The launching of the fund by the Nigerian Content Development and Monitoring Board (NCDMB) was also an occasion for the commissioning of the Board’s Technology Incubation and Innovation Center located within the Board’s Tower in Yenogoa, Bayelsa. The minister through a representative said the fund would be used to create research centers of excellence, finance research commercialisation, funding support for basic and applied research and endowment of professorial chairs in universities and research institutions in the country. [Business Day]

The ministries of Water Resources and Power, work collaboratively on the Mambilla Power Plant and other projects, one thorny issue now removed from the litany of obstacles on the path of the billion dollar project. Industry sources told BusinessDay that Abubakar Aliyu, the new minister of power, and Suleiman Hussein Adamu, minister of water resources, with similar expertise in engineering and a warmer relationship, have agreed to work together to get the project, stalled for over three decades, back on track.[Business Day]